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Georg,
Affirmative, not a stand
alone.
Attached is an example where things worked quite well with
the pattern, which I posted back at the time to several lists (not sure if one
was here?). The pattern on 30 yr. interest rates in conjunction with a
1.618 fib expansion for the point 5 (shown) and stochastic divergence at the
point 5 (shown at the bottom) made it a particularly enticing setup.
As you can see the outcome was right on target. The
entry was clear on the close back above the trendline and the prior low was
never violated. As it turned out the pattern caught the exact low in rates
and high in bonds (which I like to trade).
Don Ewers
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